Welcome to Pre Foreclosure Guide
Buying Pre Foreclosure Home Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Why Pay For Pre Foreclosure Lists?
from:There are hundreds if not thousands of free pre foreclosure lists, so why bother to pay for pre foreclosure lists that provide the same information? Believe it or not it may actually save you money to pay to belong to a website that allows you to view pre foreclosure lists, rather than to use the free sites. The following reasons are the key factors in why paid pre foreclosure lists are ideally suited to serious investors.
Time IS Money
In the investment and real estate world this is absolutely true. The time that it takes to browse through the hundreds of thousands of pre foreclosure lists on the internet is time that you could be spending contacting home owners, surveying areas and neighborhoods and putting together offers and information. The more serious of an investor you are the more critical time is when you are juggling multiple deals at the same time. Using free pre foreclosure lists may be cost saving money wise, but if you factor in your hourly rate you will definitely be losing money each minute you spend at your computer looking through lists that might not have one property of interest to you.
Research and Tracking
While most of the free lists will provide information on the physical address of the property, many don't include pictures, specific information on the property, comparable sales figures and even the homeowner and lender contact information. If you don't have this information, you will again need to take your own time or more likely hire someone else to do this research for you.
The Early Bird Gets The Worm
When pre foreclosure properties are put on lists, there is a huge interest in the property generated by those using the lists. The faster that you can contact the homeowner and the lender the faster you can present the bid on the property for the sale. If you can directly access all the information that you need on the paid site, you are far ahead of the group of investors that is trying to save a few dollars by doing the research on their own.
Finding Just What You Want
The paid pre foreclosure lists all offer the option of notifying you when a property matching your search criteria is placed on the list. This can help you in saving both time and energy as you can really fine tune the search criteria based on price, age of the home, market value, location and other specific criteria.
Avoid Junk Mail
Free sites are paid for by advertisers; so you will have to provide some type of email address to access the site. Once you do that you are giving permission for advertisers to contact you in exchange for the use of the free listings. Paid sites don't have this same need for income from advertisers, so you will typically avoid all the junk mail associated with using the free sites.
Buying Pre Foreclosure Home News
Mix of buyers warns new-home market - Orlando Sentinel
Mix of buyers warns new-home market Orlando Sentinel By Mary Shanklin, Orlando Sentinel Business has picked up from last year for Orlando-area homebuilders, and at least some of their new customers are an unlikely group of buyers: former foreclosure victims. It has been three years since foreclosures ... |
CredAbility Supports HUD Studies on Housing Counseling - MarketWatch (press release)
CredAbility Supports HUD Studies on Housing Counseling MarketWatch (press release) In both studies, HUD found housing counseling significantly improved the likelihood homeowners remained in their homes. Both the pre-purchase counseling and foreclosure counseling studies enrolled clients in the fall of 2009 and early 2010. GreenPath Debt Solutions Takes Part In Government Housing Counseling Study |
City in negotiations to purchase West Louisville property to attract new business - WDRB
City in negotiations to purchase West Louisville property to attract new business WDRB (WDRB) -- WDRB News has learned that the city of Louisville is in negotiations to buy property in west Louisville that can be used to attract new business. It is part of the mayor's plan to help reduce West End violence. |
Home sales up across the country, hopeful sign - The Star Democrat
 Globe and Mail | Home sales up across the country, hopeful sign The Star Democrat WASHINGTON (AP) Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend. An increasing portion of those sales are from first-time buyers, who are critical to a housing recovery. Sales Of Previously Owned Homes Rose In April, Boosted By First-Time Homebuyers Home resales rise, boding well for economy Existing-home sales and home prices ticked up in April |
Hunting for property in pre-foreclosure - Washington Post
Hunting for property in pre-foreclosure Washington Post Is there a report that I can find or buy that shows pre-foreclosures? A: Congratulations on selling your home so quickly. We have been hearing that in some neighborhoods across the country — even in Georgia — home buyers are starting to make offers ... Hunting for property in pre-forclosure |
Seller's market returns as homes for sale drop in some areas - Detroit Free Press
Seller's market returns as homes for sale drop in some areas Detroit Free Press AP PHOTO By Julie Schmit Multiple offers and bidding wars have returned to some housing markets amid shrinking supplies of homes for sale. The dwindling inventories — driven by a mix of reluctant sellers, fewer foreclosure resales and rising demand ... |
Foreclosures, House Sales Up in April - LoanSafe
Foreclosures, House Sales Up in April LoanSafe (Source: Ed Waters Jr. The Frederick News-Post, Md. — Foreclosures were up in Frederick County from March to April, but so were home sales. RealtyTrac, a national distressed property data firm, said there were 73 foreclosures in the county in April. |
US home sales up across the country, hopeful sign - Fox News
 Globe and Mail | US home sales up across the country, hopeful sign Fox News WASHINGTON – Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend. An increasing portion of those sales are from first-time buyers, who are critical to a housing recovery. Home sales drop in Florida, up nationwide |